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US: 1.7 billions pile of cash and no taxes
  • Vitaliy_KiselevVitaliy_Kiselev

    US non-financial companies rated by Moody's held $1.68 trillion in cash at the end of 2015, up 1.8% from $1.65 trillion the year prior, Moody's Investors Services says in a new report. The top 50 holders of cash account for $1.14 trillion of the total cash pile, and entry to the top 50 list now requires $6.12 billion in cash.

    "The top four cash-heavy US industries remain technology, healthcare/pharmaceuticals, consumer products, and energy," says Richard Lane, a Moody's Senior Vice President. These four industries currently hold a record $1.3 trillion, or 77% of total corporate cash and have accounted for more than 72% of the total every year since 2007.

    The top five cash holders are Apple, Microsoft, Google, Cisco Systems and Oracle, Moody's says in "US Non-Financial Companies: Cash Pile Grows 1.8% to $1.68 Trillion; Tech Extends Lead Over Other Sectors."

    Apple held $215.7 billion in total cash for the period. The company has held the top spot as cash king since 2009.

    Apple and Microsoft held around 94% in offshores as well as other companies.

    https://www.moodys.com/research/Moodys-US-non-financial-corporates-cash-pile-increases-to-168--PR_349330

  • 6 Replies sorted by
  • MirrorManMirrorMan

    tax those offshore reserves, then cut the military budget by 70% and every American could be given a decent pension and a free gold plated titanium Tesla.

  • karlkarl

    Remember this when, years later, a few prominent C-level managers donate a fraction of the taxes they withhold from society today to some "charity" (often a fund fully controlled by their family). It's sad how the public forgets about such when they applaud to those pseudo-charitable people, later.

  • Vitaliy_KiselevVitaliy_Kiselev

    @MirrorMan @karl

    Again, in any state things are always done in the interests of ruling class.
    And you propose bees against honey situation.

  • jleojleo

    This film was recently in theatres the US and Canada. There were also free public screenings in some cities.

    Interview with the director

    The first 20 minutes of the film is here, at 6 min mark. Full film at Vimeo on Demand.

    Website: http://www.thepricewepay.ca

  • Vitaliy_KiselevVitaliy_Kiselev

    @jleo

    Watched trailer. Laughed very loud.

    "Social contract is broken." LOL. And all in same style like " we need to redistribute wealth while keeping all intact".

    This and similar styled films started to appear as soon as interests of ruling class survival as a whole becoming more important than interests of smaller entities. But not to the extreme, no. For now it is just better control of information and ensuring controlled rise of inequality.

  • Vitaliy_KiselevVitaliy_Kiselev

    Seems that things are not so perfect

    "At the same time, the imbalance between cash and debt outstanding we reported on last year has gotten even worse: Debt outstanding increased 50x that of cash in 2015," wrote Chang and Tesher.

    "Total debt rose by roughly $850 billion to $6.6 trillion last year, dwarfing the 1% cash growth ($17 billion)."

    http://www.businessinsider.com/companies-masking-66-trillion-of-debt-2016-5

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